Thank you for your help. I am understanding things better but still have questions.
I don't remember where I read it but I believe I saw something saying that Locations effect the Balance Sheet differently than Classes do. Could you let me know if this accurate and if it is could you explain what the difference is?
I also saw the item below in the "Run a balance sheet" link you sent:
- Your Accounts Receivable, Accounts Payable, or Payroll transactions might have amounts under “Not Specified” because their related transactions (Receive Payment, Pay Bills) can’t be split into different locations. If the related transactions need to be split into different locations, you can divide the transaction based on location or use a journal entry to record them.
Note: We recommend contacting your accountant to help you out with splitting transactions.
Could you explain what it means when it says "transactions (Receive Payment, Pay Bills) can't be split into different locations" and when it says "you can divide the transaction based on location?" Is there a difference between split and divide?
Could you also please explain the difference between the Header and Details?
